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Speakers Agreement between International Study Programs, s. r. o. Na Zderaze 1275/15, 120 00 Praha 2 (hereinafter „ISP“) and Mr. Michael Rosenthal (hereinafter „Michael Rosenthal“) This agreement is a commitment between ISP and Michael Rosenthal. By signing this agreement, Michael Rosenthal agrees to make a presentation about business culture in China for participants of the MBA course from University of Pittsburgh. The presentation will take place on May 1 st 2015 in a conference room of Shanghai Central Hotel (555 Jiujiang Road, Huangpu, 100006, Shanghai China). ISP agrees to pay Michael Rosenthal for his services a fee of USD 500 in cash due May 1 st 2015. Shanghai, May 1 st 2015 Tereza Wodehouse Mr. Michael Rosenthal Head of Asia International Study Programs

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Speakers Agreement

between

International Study Programs, s. r. o.

Na Zderaze 1275/15, 120 00 Praha 2

(hereinafter ISP)

and

Mr. Michael Rosenthal

(hereinafter Michael Rosenthal)

This agreement is a commitment between ISP and Michael Rosenthal. By signing this agreement, Michael Rosenthal agrees to make a presentation about business culture in China for participants of the MBA course from University of Pittsburgh. The presentation will take place on May 1st 2015 in a conference room of Shanghai Central Hotel (555 Jiujiang Road, Huangpu, 100006, Shanghai China).

ISP agrees to pay Michael Rosenthal for his services a fee of USD 500 in cash due May 1st 2015.

Shanghai, May 1st 2015

Tereza Wodehouse Mr. Michael Rosenthal

Head of Asia

International Study Programs

Receipt for lecture fee

I, Michael Rosenthal, confirm that I received the total amount of USD 500 for the presentation for the MBA program from University of Pittsburgh on May 1st 2015.

Michael Rosenthal